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Calian's SED Division Wins Contracts for Satellite Ground Systems(January 24, 2012)
OTTAWA, ONTARIO -- (Marketwire) -- 01/24/12 --
(All amounts in this release are in Canadian Dollars)
Calian Technologies Ltd. (TSX:CTY) is pleased to announce that its Systems Engineering Division (SED) has signed two new contracts for the provision of Satellite Ground Systems worth a combined value of $7.6 million.
SED was chosen by Thrane & Thrane of Denmark for the provision and installation of an Inmarsat BGAN RF Ground System for CTTIC in China. In addition, in late Q1 of this fiscal year, SED was selected by the Canada Centre for Remote Sensing (CCRS) via PWGSC competitive tender to provide and install a Remote Sensing Antenna System in Prince Albert, Saskatchewan.
"These contract awards were excellent wins for us," said Patrick Thera, President of SED. "They further demonstrate our capabilities as a leading supplier of high quality satellite ground systems, both domestically and around the world."
Calian employs over 2300 people with offices and projects that span Canada, U.S. and international markets. The company's capabilities include the provision of business and technology services to industry and government in the health, operations and maintenance, IT services and training domains as well as the design, manufacturing and maintenance of complex systems to the communications and defence sectors. Our goal is to be the best company to work for, buy from and invest in.
The Business and Technology Services (BTS) Division is headquartered in Ottawa. This division augments customer workforces with flexible short and long-term placements of individuals and teams, provides access to critical recruiting capabilities and delivers outsourcing services for a variety of technical and professional functions. Our strength lies in understanding clients' needs, recruiting highly qualified personnel who understand and meet those needs, and then effectively managing those personnel within our customers' framework. Calian's Systems Engineering Division (SED) plans, designs and implements complex communication systems for many of the world's space agencies and leading satellite manufacturers and operators. SED also provides contract manufacturing services for both private sector and military customers in North America.
For further information, please visit our website at www.calian.com, or contact us at [email protected]
Certain information included in press releases on this site is forward-looking and is subject to important risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Factors which could cause results or events to differ from current expectations include, among other things: the impact of price competition; the dependence on new product development; the impact of rapid technological and market change; the ability of Calian to integrate the operations and technologies of acquired businesses in an effective manner; general industry and market conditions and growth rates; international growth and global economic conditions, particularly in emerging markets and including interest rate and currency exchange rate fluctuations; and the impact of consolidations in the business services industry. For additional information with respect to certain of these and other factors, see the reports filed by Calian with the Ontario Securities Commission. Calian disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. No assurance can be given that actual results, performance or achievement expressed in, or implied by, forward-looking statements within this disclosure will occur, or if they do, that any benefits may be derived from them.
Calian Technologies Ltd.
President and Chief Executive Officer
Chief Financial Officer
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